Logo-color Logo-white

Canadian Highlights The odds of a 50 basis-point rate cut rose to 80% as the unemployment rate ticked up to its highest level since January 2017 (excluding the pandemic). There are notable positives in the jobs report. Employment rose by more than twice the consensus forecast, and the employment rate held steady in October, breaking […]

The post The Weekly Bottom Line: Data Clears the Path for the Rate Cut in December appeared first on Action Forex.

previous

Weekly Economic & Financial Commentary: The Song Remains the Same

next

EUR/USD Under Pressure: Resistance Levels Hold Firm

Read More

29/03/2024

EURJPY Wave Analysis

EURJPY reversed from key resistance level 164.40  Likely to fall to support level 162.00 EURJPY currency pair recently reversed down after the price failed to hold the ground above the key resistance level 164.40 (which stopped the sharp uptrend in last November), standing close to the upper daily Bollinger Band. The downward reversal from the […]
01/04/2024

Crude Oil Kicks Off the New Quarter on a Positive Footage

The week starts very slowly as most Western markets are closed for Easter holiday. The US revealed the latest core PCE print on a Good Friday and the Federal Reserve (Fed) Chair Jerome Powell spoke after the data. The headline figure came in line with the expectations at 2.8%, down from 2.9% printed a month […]
29/11/2023

NZD Tired of Flying

The Reserve Bank of New Zealand left its key rate unchanged at 5.5%, the highest in 15 years, but on hold for six months now. The decision was in line with market expectations. However, the NZDUSD rallied, adding over 1.2% at one point and touching 0.6200, a 4-month high. The buying impulse came from the […]